Mr. Joseph van den Elsen reports

ANDINA COPPER UPSIZES LIFE OFFERING AND CONCURRENT FINANCING TO AN AGGREGATE OF $27.5 M

Andina Copper Corp. has upsized the previously announced non-brokered private placement pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 (Prospectus Exemptions) to gross proceeds of $12.2-million through the offering of 15.25 million common shares in the capital of the company at a price of 80 cents per share.

Concurrent with the upsized LIFE offering, the company is pleased to also advise it has upsized the previously announced non-brokered private placement for gross proceeds of $15.3-million, through the offering of 19,125,000 common shares in the capital of the company at a price of 80 cents per share.

The offerings have been upsized to partially fill investor demand. The company may pay finders' fees of up to 6 per cent in cash.

The non-LIFE shares may be offered to purchasers resident in Canada pursuant to applicable prospectus exemptions, other than the listed issuer financing exemption, in accordance with applicable laws, and may also be offered in other qualifying jurisdictions outside of Canada on a private placement basis pursuant to relevant prospectus or registration exemptions in accordance with applicable laws. Any securities issued under the non-LIFE offering to purchasers who are residents in Canada will be subject to a hold period in accordance with applicable Canadian securities laws, expiring four months and one day following the issue date of the non-LIFE shares.

The LIFE shares will be offered to purchasers pursuant to the listed issuer financing exemption, in each of the provinces of Canada except Quebec. The LIFE shares will not be subject to a Canadian hold period in accordance with applicable Canadian securities laws.

The company intends to use the net proceeds from the offerings to finance exploration at the company's Piuquenes and Cobrasco projects, working capital, and general corporate purposes, as more specifically described in the offering document. The LIFE offering is scheduled to close on or around March 11, 2026. The LIFE offering remains subject to certain conditions customary for transactions of this nature, including, but not limited to, compliance with TSX Venture Exchange policies.

An amended and restated offering document related to the LIFE offering that will be made available under the company's profile on SEDAR+. The amended and restated offering document will also be made available on the company's website. Prospective investors of the LIFE shares should read the offering document before making an investment decision.

About Andina Copper Corp.

Andina is a unique South America-focused copper explorer listed on the TSX Venture Exchange, in Frankfurt and on the OTC exchange. The company holds two significant discoveries along the world's premier copper-producing Andean porphyry belt in Argentina and Colombia, and a compelling undrilled copper-gold target in the prolific copper production district of the Coastal cordillera of Chile.

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